Gautam Solar plans Rs 1,000 crore IPO to expand manufacturing capacity

Quick Summary:

The proposed solar cell line is part of the company's plan to expand its solar module manufacturing capacity to 5 GW by 2025, Gautam Solar said in a statement.

Gautam Solar on Tuesday said it plans to raise Rs 1,000 crore through Initial Public Offerings (IPO) in next 12 to 18 months in order to fund its 2 GW solar cell manufacturing project.

"Rs 1,000 crore solar cell expansion plan will be funded through an IPO to be launched in the next 12-18 months, supporting further development and innovation," it said.

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Category: BusinessFinance

Markets: India

Topics: Upcoming IPOs Gautam Solar Recent IPO Gautam Solar IPO

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

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Article Type: News Report

Published On: 2024-10-15 @ 17:06:44 (11 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 323 words

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